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How is Singapore key to turning Binance around?

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Mr Richard Teng, a seasoned regulator in the traditional finance world, took over as the new chief of Binance in November.

Mr Richard Teng, a seasoned regulator in the traditional finance world, took over as the new chief of Binance in November.

PHOTO: BINANCE

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SINGAPORE - The new captain of the world’s largest cryptocurrency exchange has barely warmed his seat, and if he is to succeed in turning the ship around in turbulent waters, being from Singapore puts him in good stead.

After all, the Republic grooms professional corporate regulators and this is evidently just what Binance is missing.

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